The position of the largest cryptocurrency in the near future may be complicated, which is signaled by a decrease Hasrat network of bitcoin. So says the analyst Cole garner.
On Twitter, he wrote that it is not excluded a variant at which the rate of BTC can be reduced to $6400. According to him, we are waiting for the return of the so-called “kriptimi” 2018.
MINERS ARE CAPITULATING
1/ Hash ribbons is on the brink of inversion. That’s news you never want to hear.
— Cole Garner (@ColeGarnerBTC) November 19, 2019
The expert compared the activity of miners in the first half of November, 2018 and 2019. They found that during this period last year the amount of computing power used for mining BTC, began to fall. Soon we saw the fall of the bitcoin exchange rate from $6000 to $3000. High probability of repeating a negative scenario, says garner.
Hasrat bitcoin after a sharp increase at the beginning of the month really started to wane. As of November 19 this figure is 88.5 assages per second (CS/s), this is according to the Blockchain service. Negative trend still continues to dominate.
However, it is unlikely that the fall BTC will be long-term. The coin is now configured to save the won positions. So even if we see a rollback of bitcoin to lower values, it will be short, and then the BTC will return to expansion.
Source — CoinSpot